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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Giving your married daughter $350K and then having that kind of control on the ownership is weird. Must be nice but what do you think her husband thinks about this.[/quote]

It makes sense when you think about the annual gifts they can give them without having to do a gift tax form.

15k from mom to dd
15k from mom to dd's dh
15k from dad to dd
15k from dad to dd's dh
=60k of the home ownership investmemt of 350k given each year

[/quote]

OP here.  That's exactly what we did to avoid gift tax.  After five years, our daughter and her husband become sole owners of the house.  
 
My husband and I did talk to our son last night.  Our son loves to live with us but he also agrees that seven years is probably too long.  He thinks seven years is the worst case scenario.  He wants to be extremely financially stable before he moves out on his own.  He knows how to cook, do laundry, and take care of bills.  He also manages his his money very well.  He only invests in himself.  He spends about $200/month on guitar lessons and another $300 on golf.  He still drives the same RAV-4 we bought for him after he graduated from high school.  Everything from his pay check goes into investment portfolio that my husband manages for him.

He also plays piano and we have a 100k Steinway grand piano at home that he enjoys playing.

My husband told him he can stay as long as he likes but he should re-evaluate his options every year should he change his mind.  One thing he should not change is to have a solid financial footing prior to moving.

Nevertheless, we're just very happy we get to see him everyday...[/quote]

That's great. I called it -you have a great son!  
Ignore the negative posters, them seem envious of your good fortune to have such a smart, sweet son.[/quote]

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